SEC’s proposed expansion of Investment Advisers Act custody rule would impose new burdens on advisers and qualified custodians and impact crypto holders | DLA Piper: As Commissioner Uyeda noted, the proposed rule may create “a 'no-win' scenario for crypto assets” given such assets often trade on platforms that are not qualified custodians.
Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles: A retail venture that built a business giving second life to famous brands like RadioShack and Pier 1 Imports after they closed their stores in bankruptcy now faces its own financial struggles and has hired restructuring lawyers, according to people familiar with the matter.
Silvergate Capital shares drop more than 40% after the crypto bank delays its annual report: Silvergate said it is reviewing events since the end of last year that could impact "its ability to continue as a going concern."
Coinbase, Galaxy, Paxos Stop Accepting Transfers Via Silvergate (SI) SEN Network - Bloomberg: Coinbase Global Inc., Galaxy Digital and Paxos Trust Co. said they will no longer accept or initiate payments through Silvergate Capital Corp., after the cryptocurrency-friendly bank said it was reviewing whether it can remain viable.
Voyager's Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance US Deal: Wiles said he was "absolutely shocked" at the SEC's objection, saying it was asking Voyager to prove a negative with little guidance from the regulator.
Belk Lenders Tap Paul Weiss, Evercore as Debt Maturities Loom; Liquidity a Concern: Belk lenders hired Paul Weiss and Evercore as legal counsel and financial advisor, as the company’s financial performance deteriorates.
FTX Debtors Publish Second Presentation for Stakeholders: "This is the second in what the FTX Debtors anticipate will be a series of presentations as we continue to uncover the facts of this situation," said John J. Ray III, the Chief Executive Officer and Chief Restructuring Officer of the FTX Debtors.
Mortgage Rates Rise Again To Highest Level Since Fall Peak: Mortgage rates rose again, hitting levels not seen since their most recent peak in early November.
Weight Loss Brand Jenny Craig Looks to Sell Amid Cash Crunch: Jenny Craig Inc. is seeking potential buyers as the diet brand grapples with cash flow pressures, according to people with knowledge of the situation.
What happened to Birchbox? | Retail Dive: Over a year after being acquired by a women’s health company, the subscription beauty brand has a disabled website and outstanding vendor debts.
